“That graph is quite misleading: It needs adjustment for PPP.”
The purposes I’m using it for, the variation in US DoD spending, need not take Russian or Chinese spending into account at all.
You are criticizing me. The quoted criticism is 100% accurate, and irrelevant.
I was not criticizing you or your original point, or I’d have said so. I probably should have stated that your original point was valid.
My main purpose was to get ahead of the screams of people complaining that we spend too much on defense.
I also think gov’t reported inflation numbers are much too optimistic, but, that’s a whole ‘nother can of worms. It would only wiggle your argument a little bit...
Anyway, we are in general agreement, ok? Have a good day. :-)